There’s a host of reasons for downsizing to a smaller home. You might want to pocket the savings and build upon your nest egg. Maybe you’re ready for a new adventure and eager to move to a high-rise condo in the city. Or finally—the kids have flown the coop, and you don’t need the extra bedrooms and bathrooms anymore.
Whatever your motive is for downsizing, an honest evaluation of your expectations is essential to make an informed decision. That’s why I think it is wise to ask yourself these questions before you even start looking for smaller homes.